Question1 2 points When an asset is sold and the book value is greater than the amount received, then the company will report a gain on sale of asset. O True O False * Question 1.20 2 points Assets that lack physical substance such as trademarks, copyrights, and patents are know as intangible assets. O True O False * Question 1.21 The Sarbanes-Oxley Act of 2002 requires: 2 points O the effectiveness of internal controls to be reported by independent accountants O a monthly audit report by management on the internal controls of the company O that companies pay yearly dues to outside security agencies O that all companies hire an internal auditor